Teresa Ghilarducci

That paragon of economic virtue, Teresa Ghilarducci has surfaced once more to expound the benefits of the government taking overseizingconfiscating stealing your 401k “for your own good.” I wrote about this little banshee back in May, after O’biden made a slip of the tongue with regard to their plans for redistributing your retirement nest egg. Now, it appears she has been gaining ground with her arguments because, as Doug Ross points out, it’s not off the table. In fact, your 401k may be part of the main course for the upcoming lame duck session of Congress.

Doug writes:

…I am not a conspiracy theorist. But I can put two and two together. Earlier this evening Papa B pointed me to an oozing secretion from the Puffington Roast, which markets the idea that 401(k) retirement savings accounts are evil and should be abolished.

Guilarducci and the Democrats are advocating legalized theft of the juicy trillions of dollars Americans have saved in their retirement plans. Nationalizing those accounts would support massive new spending programs plus payoff the unions and crony capitalists looking for more bailouts at the “workers'” expense.

Please do read the whole thing. Then listen to the interview she gave with Mark Levin in October of 2008. It’s linked in the Doug Ross article but just in case, here is the link again.

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